Monday, February 05, 2018
9:35:04 PM EDT

Stand Aside

by
Jim Brown

With the small caps at 2-month lows and the market imploding, patience is required. I added a bunch of new plays in the Option Investor newsletter on a "buy the dip" risk on trade when the futures were positive in the afterhours session. Before I could finish the play descriptions the futures had gone to -20. As I type this they are now -50. The Hang Seng Index opened down -3.2% in Hong Kong and Asia is following our decline. There is no reason to try to jump into the chasm at Tuesday's open. There will always be another day to trade.